If the U.S. Postal Service raised its first-class postage rate by 10 percent and found (to its surprise) total receipts from first-class mail service subsequently increased by 10 percent, the demand for first-class mail service would be
A) completely elastic.
B) completely inelastic.
C) greater than anticipated.
D) unit elastic.
E) upward sloping.
B
Economics
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The sale of government securities by the Fed leads to
A) a decrease in bank reserves. B) a contraction in bank lending. C) a decrease in the monetary base. D) All of the above answers are correct.
Economics
In what way are other assets less liquid than money?
What will be an ideal response?
Economics